Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cencora Inc (COR)

1K + Investors. Track Smart Money conviction in COR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -69
Streak
2Q ▼
Buyers last Q
41%

Smart Money Signals — COR

Based on 1356 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their COR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
1,356 funds currently hold this stock — 93% of the 3.0-year high of 1,458 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding COR is almost the same as a year ago (+16 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 41% buying

567 buying828 selling
Last quarter: 828 funds reduced or exited vs 567 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 135 → 231 → 141 → 131. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 19% medium ■ 14% new
897 out of 1,356 hedge funds have held COR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +64%, value +7%

Value
+7%
Shares
+64%
Last quarter: funds added +64% more shares while total portfolio value only changed +7%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

183 → 135 → 231 → 141 → 131 new funds/Q
New funds entering each quarter: 135 → 231 → 141 → 131. COR is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 70% veterans vs 17% newcomers

■ 70% veterans ■ 13% 1-2yr ■ 17% new
Entry-cohort mix of 1,393 holders: 979 (70%) are 2+ year veterans, 176 entered 1–2 years ago, and 238 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds
69 of 1351 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in COR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — COR

In 2026 Q2, 567 hedge funds were net buyers of COR (131 opened a new position, 436 added to an existing one), while 828 reduced or exited (628 trimmed, 200 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 62% of total institutional value in COR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -69 funds (more exits than new entries). Total institutional holders: 1356.

Hedge Fund Ownership: COR

How many hedge funds hold COR — quarterly history vs. share price
Quarterly hedge fund ownership of COR vs. share price

Market Analysis: COR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: COR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

47 top-rated funds 5 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: COR
2026 Q3 Stats Unlock in 43 days 1K + Investors

Track Smart Money conviction in COR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1332 1425 -6.53%
13F Shares 183M 157M 16.8%
Total Value $46.06B $43.20B 6.63%
New Positions 124 141 -17
Increased Positions 417 523 -106
Closed Positions 212 173 +39
Reduced Positions 612 539 +73
Total Calls 21 24 -12.5%
Total Puts 18 24 -25.0%
PUT/CALL Ratio 0.86 1.0 Neutral

Statistics: COR

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in COR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 COR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sio Capital Management, LLC 8.13% 173,588 $49.1M
2 Carmignac Gestion 6.42% 1,747,363 $494.5M
3 Cambridge Financial Group, Inc. 3.47% 35,262 $10.0M
4 Cornerstone Investment Partners, LLC 2.88% 304,829 $86.3M
5 Mawer Investment Management Ltd. 2.86% 1,488,843 $421.3M
6 Birch Capital Management, LLC 2.86% 20,693 $5.9M
7 Atle Fund Management AB 2.37% 31,126 $8.8M
8 SWP Investment Management LLC 2.20% 6,346 $1.8M
9 Edmp, INC. 2.04% 8,976 $2.5M
10 Pensioenfonds Rail & Ov 2.01% 132,005 $29.7M
11 Tremblant Capital Group 1.93% 237,486 $67.2M
12 Lincoln Capital Corp 1.77% 19,281 $5.5M
13 Aurdan Capital Management, LLC 1.73% 24,097 $6.8M
14 Mattern Capital Management, LLC 1.55% 46,831 $13.3M
15 Mizuho Markets Americas LLC 1.51% 340,000 $96.2M
16 Kesler, Norman & Wride, LLC 1.46% 32,587 $9.2M
17 Fulcrum Asset Management LLP 1.45% 51,748 $14.6M
18 Quartz Partners, LLC 1.45% 15,650 $4.4M
19 Vista Investment Partners LLC 1.39% 19,554 $5.5M
20 Valley Wealth Managers, INC. 1.32% 80,980 $22.9M
21 ICW Investment Advisors LLC 1.30% 13,135 $3.7M
22 Rhenman & Partners Asset Management AB 1.25% 46,778 $13.2M
23 River Wealth Advisors LLC 1.25% 42,089 $11.9M
24 Boston Partners 1.23% 4,868,782 $1.38B
25 Isthmus Partners, LLC 1.20% 43,823 $12.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

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Frequently Asked Questions — Cencora Inc (COR)

What does the Smart Money Trend signal show for COR?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their COR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for COR?

More sellers than buyers — 41% buying: Last quarter: 828 funds reduced or exited vs 567 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for COR holders?

Elite ownership — 62% AUM from top-100 funds: 69 of 1351 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in COR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held COR?

66% of holders stayed for 2+ years: 897 out of 1,356 hedge funds have held COR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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